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Homes For Sale Under 200k All Locations : Nationwide Real Estate Advice

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Activity 717
Showing results for Homes For Sale Under 200k [Clear search]
Mon Feb 10, 2014
Travis Jackson answered:
Its a great time to buy! If you are looking to purchase a condo you should get in touch with a local Realtor. I could refer you to an experienced Agent dealing with Portland Condos. They will be able to provide you with valuable insight and guild you through the buying process. Send your contact info to

Travis Jackson
Century 21 M & M Associates
DRE# 01879566
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0 votes 18 answers Share Flag
Sun Dec 15, 2013
Alicia Garatoni answered:
Hi Phenom --

According to the National Association of Realtors (NAR), lender owned properties sell at a 20% discount and short sales (where the seller owes more than the current market value) at a 16% discount.

Does this help?

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0 votes 16 answers Share Flag
Sun Feb 10, 2013
Paula Shevitz answered:
Hi, I would be pleased to meet with you and discuss my companies fabulous market strategies.
I have over 10 years experience working in your area 21207.
Please call me direct at 410-303-2666
Many thanks,
Paula Shevitz
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0 votes 8 answers Share Flag
Fri Aug 18, 2017
Caroline Harabedian answered:
Well, it really matters what part of LA you are looking at. In the valley, in Granada Hills (what I like to call the Beverly Hills of the Valley), you can find a nice 5 bedroom house, large with a pool for around $500k. Average price of homes in the valley are well below $400k total. Most of these homes are built in the 80s and 90s, but some of the higher end homes are built after the 94 earthquake so you have more modern choices. Most people buying above $700k are putting large amounts in down payment, that's why they can afford home loans.

If you want to speak with a qualified loan officer about your loan needs, I can recommend Bridgette at WestCom Lending (818) 335-0283 /

All in all, location is key in finding a home that is for you. Maybe try searching a slight further commute to work to have the luxury home you want. Any questions, feel free to contact me.

Caroline Harabedian
RE-Search Concept
8700 Reseda Blvd., Suite 213-B
Northridge, California 91324
(818) 967-9626 mobile
(818) 979-0226 fax
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0 votes 75 answers Share Flag
Thu Feb 7, 2013
Terry Farnsworth answered:
There are so many occupations or situations that would allow someone to afford a 700K home, they are almost impossible to list. There is no "typical" occupation. They could be anyone from a business owner, to an executive, to someone who was left a large sum of money through an inheiritance, to a movie producer/celebrity. The list goes on and on and on and on... ... more
0 votes 10 answers Share Flag
Sun Jul 7, 2013
Joe Shoemaker answered:
Dear NWLogging:

I recommend renting.

In the best real estate markets of the recent past, homes in the area might have seen a 3-5% yearly appreciation. Certainly there were exception, and some homes saw little appreciation. Adjusting for inflation and the cost of the sale when you need to leave, you'd be lucky to break even at the end of 5 years in the best of times.

Good luck in your search!

Joe Shoemaker
Principal Broker, REALTOR®
MacDuff Realty Group, LLC
317 413.8501!/jojosmojo
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0 votes 14 answers Share Flag
Thu Dec 5, 2013
Kevin Bumgardner answered:
Hello Amber,

Five to 10 years is the average time one typically owns a home before moving again. Typically, your selling expenses will be small enough that you can still show a profit. Many others believe that is a sufficient time to leverage these great interest rates and hopefully see a modest return on your investment. Especially in the under $250K range, it is more likely that home bracket will see better appreciation that the upper brackets.

If you put $20K down a $200K home, and in 5 years the home appreciates at 3% per year (by the way this last year the average was 7%) then in five years it'll be worth $230K. Subtract the original value and you've ROI of $30K on top of your investment of only $20K. Granted this is simplified not to include mortgage payments (which are substituting your rent) and any improvements. But where else can you turn $20K into $50K in only 5 years?

Hope this is helpful.

Kevin Bumgardner
Counselor Realty, Inc.
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0 votes 21 answers Share Flag
Thu Jul 31, 2014
A. Raenee answered:
Good afternoon to you and Happy Holidays! I live in Midtown, for so many reasons:) Would love to assist you with advice - what would you like to know? What is your price point? How many bedrooms do you want? How long do you want to Lease for if that options is selected?

Check out my website at - you can search ALL available homes for lease and for sale from the site - Let me know if you see something you like.

Have an amazing rest of your day.
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0 votes 17 answers Share Flag
Sun Dec 23, 2012
Brian Ripp answered:
yes you can. There are several options, as low as 3.5%.
If you need a list of loan officers, I can refer you a few.

0 votes 16 answers Share Flag
Thu Dec 27, 2012
Maria Cipollone answered:
One of the disavantages of a FHA's loan is that potential buyers have to pay more money in private motgage insurance, because the down payment (only 3.5%) is smaller. There is a first one time fee for PMI that you need to pay and a monthly payment that can be rather costly. Sometimes, is a better idea to wait until you have save the 20% for a downpayment.

Best of Luck,

Maria Cipollone

Century 21 Tenace
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0 votes 7 answers Share Flag
Mon Jan 21, 2013
Don Gockel Realtor, Broker, GRI answered:
That really depends upon your "poor" credit. Some people think they have poor credit and they do, others think they do and they don't really. This is something that calls for a face to face with a local lender. I have seen people who thought they had less than stellar credit purchase a home.

Call me and I can direct you to a local lender that can get you started, be it to purchase a home or to correct your credit.

Don Gockel, Broker
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0 votes 10 answers Share Flag
Sat Dec 15, 2012
Jessica Tracy answered:
Wed Dec 26, 2012
Jeff Lesley answered:
I can definitely setup a search for you on that. Feel free to contact me any time at or 910-297-7071. Thanks
0 votes 11 answers Share Flag
Mon Dec 10, 2012
Scott Riddle answered:
You can get a nice condo, under 200k with a very nice ammenities package and still only 7 miles to the beach. Not a bad option.

Please feel free to call or pick my brain on any communities, I have been in the area for 30 years and have vast knowldge to share with buyers.

Thanks and have a wonderful Sunday

Scott Riddle PA, ABR, SFR
RE/MAX Affinity
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0 votes 10 answers Share Flag
Thu Dec 13, 2012
Linda Baker answered:
Hi Angie,
Believe it or not, right now is a great time to sell!!
Even though December is historically slower, there are still many active buyers and multiple offers are still the rule of the day!
If your house is ready to role, take advantage of the low inventory and go now!!
If you need help, just let me know.
Linda Baker, Alain Pinel Realtors
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0 votes 19 answers Share Flag
Tue Jul 22, 2014
Scott Godzyk answered:
The person you should be asking is a local and trusted loan ofiicer who can look at your credit and financials to see what programs you quailfy for. They then can outline what you will need to put down in order to reach your goal. ... more
0 votes 14 answers Share Flag
Thu Dec 6, 2012
Lamson Dang Broker/Listing answered:
Dear Sudarshan Sathe,

It's OK to buy a Townhouse/Condo within $200,000 and rent it out. However, I would think the best could be buying a Duplex/4-flex. If you have income to support the new loan, then use $200,000 for initial investment/down-payment.
You can visit my website and read market review for these types of properties in San Jose.
Best wishes,

Lamson Dang
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0 votes 14 answers Share Flag
Mon Dec 3, 2012
Vickie Bruni answered:
rising, but very slowly. and the property must be in pristine condition. average homes bring average or lower prices.
0 votes 8 answers Share Flag
Thu Dec 6, 2012
James Bellile answered:
Yes, it is very common right now never to see a counter offer especially if you are a prospect that likes to low-ball offer. I would suggest that you always make your highest and best offer as your first offer. Buyers are currently standing in line to buy a house and sellers have their pick of the litter. Please let me know if you'd like to switch agents.


James Bellile
iProperties International
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0 votes 18 answers Share Flag
Sun Apr 20, 2014
Heather Lindh answered:
We are finally starting to see some great improvements in the Leadville market. Over the past few months inventory or number of homes on the market has reduced and prices have definitely started to stabilize. Properties in the price range of under $200k have had the most success recently. Even as we head into our slower, winter season, we still have several buyers searching for the right home in this price range. Let me know if I can answer any other questions! ... more
0 votes 8 answers Share Flag
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